Future Financial Bankshares, Inc. to Acquire Palmer Bancshares Inc.

PLANO, Texas (July 17, 2026) – Future Financial Bankshares, Inc., a recently formed Texas corporation, today announced that it has signed a definitive agreement to acquire Palmer Bancshares, Inc. and its wholly-owned subsidiary Commercial State Bank, based in Palmer, Texas. The transaction will serve as the cornerstone for Future Financial's people-first mission and community banking focus in North Texas.

Future Financial was founded by Jeffrey A. Kesler, a seasoned banker with more than 25 years of experience in the financial services industry. Future Financial intends to build upon the foundation established by Commercial State Bank, while expanding banking services for customers and using technology to strengthen customer relationships and improve the daily work life of employees.

"We were looking to acquire a strong bank we could build upon and grow for the future," said Jeff Kesler, Chief Executive Officer of Future Financial. "We found that foundation in Commercial State Bank, which has been faithfully led by Phillip Newsom and his family for the past 30 years."

Kesler said both organizations believe strongly in the importance of community banking and human connection. "Our commitment to people, our shared values, and our passion for serving others ultimately brought us together," said Kesler. "This acquisition supports our vision of building a purpose-driven banking organization rooted in stability, profitability, and growth. We intend to preserve the local decision making, relationships, and customer service culture that have defined Commercial State Bank for decades."

"Our team is excited about this next chapter for our banking organization," said Phillip Newsom, Chairman and Chief Executive Officer of Commercial State Bank. "The bank was founded over 95 years ago and it has passionately served its communities through numerous changes in the banking industry. This is an opportunity for the bank to remain independent and retain its character as a community institution but with added resources. I am confident that Mr. Kesler and his team of experienced bankers and professionals, including Chad Newsom, who will continue with Commercial State Bank following the acquisition, share our same values, philosophies and commitment to outstanding customer service. We believe that this partnership will promote long-term value to the communities we serve."

About Future Financial Bankshares, Inc.

Future Financial Bankshares, Inc. is a Texas corporation that has been formed for the purpose of acquiring a commercial bank that is focused on community banking, local decision making, and long-term relationship driven growth. Future Financial is committed to building strong teams, serving communities, and enhancing the customer and employee experience through thoughtful innovation and operational excellence. Future Financial was advised on the acquisition by Fenimore Kay Harrison, LLP and Commerce Street Capital, LLC.

About Commercial State Bank

Commercial State Bank is a Texas state bank which operates from its main office in Palmer, Texas and two branch offices located in Ferris and Wilmer, Texas. As of March 31, 2026, Commercial State Bank had total assets of approximately $121.3 million, total loans of approximately $43.1 million, total deposits of approximately $108.5 million and total equity of approximately $12.4 million. Commercial State Bank was advised on the transaction by Bradley Arant Boult Cummings LLP.